In May 2024, Lycan received the exciting news that it had been selected as one of the 15 finalists in Infineon Singapore's TechSpark 2024 event. As the only Filipino company in the competition, Lycan stood proudly among some of the most innovative technology-based startups in Asia. Competing in the mobility category, Lycan found itself pitted against formidable contenders from South Korea and Thailand, all vying for the top spot in this prestigious event.
In early June 2024, Lycan’s leadership team, composed of CEO John Gangat and COO April Gangat, embarked on a pivotal journey from the Philippines to Singapore. The occasion was Infineon’s TechSpark 2024 event—a high-stakes pitch competition that attracted the region’s most promising technology-driven companies. For Lycan, this was more than just a competition; it was an opportunity to showcase its groundbreaking electric vehicle (EV) solutions on an international stage.
As the only Filipino startup selected among the 15 finalists, Lycan's inclusion was a testament to the innovative spirit driving the company. The competition was fierce, particularly in the mobility category, where Lycan faced off against four other startups from South Korea and Thailand. Each company brought to the table its unique vision for the future of mobility in the ASEAN region, but Lycan's approach—rooted in practicality and a deep understanding of the region's needs—stood out.
The event, organized by Infineon, provided a platform for Lycan to present its vision of sustainable mobility. With the ASEAN market in their sights, Lycan's leadership articulated their strategy for making EV technology more accessible and efficient in Southeast Asia. Their presentation emphasized not only the technological prowess of their solutions but also their commitment to addressing the unique challenges faced by emerging markets.
Throughout the event, Lycan's CEO and COO engaged with a variety of potential partners and investors. These interactions opened doors that extended far beyond the competition itself. While Lycan did not ultimately win the TechSpark 2024 competition, the experience was far from a loss. The company returned home with numerous investment offers and tangible opportunities to expand into new markets, including Thailand and Malaysia. Additionally, discussions were initiated about the potential for Lycan to establish an office in Singapore, a strategic move that could serve as a gateway to the broader ASEAN market.
This journey is more than just a series of business meetings and pitches; it represents a significant step in Lycan's mission to bring Filipino innovation to the world stage. The connections made and the opportunities discovered during this trip underscore Lycan's dedication to gradually, yet steadily, establishing a presence across Southeast Asia.
As Lycan continues to forge ahead, the lessons learned and relationships built during the TechSpark 2024 event will undoubtedly play a crucial role in shaping the company’s future endeavors. Lycan's journey to Singapore, Malaysia, and Thailand marks the beginning of a new chapter—one where Filipino ingenuity is poised to make a lasting impact on the global mobility landscape.
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The journey to the ASEAN market is a developing story.
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